Penn West Petroleum had to restructure their organization, and the newly elected officials of the company have decided to change the name of the business to Obsidian Energy. The new name of the company was formally introduced last June 26, 2017, and the newly elected officials lead by David L. French stated that they will be working hard to become one of the top companies in...

Obsidian is described as a type of black or dark glass formed from cooling lava (after a volcano) that has strong metaphysical properties. The 26th of June 2017 saw Penn West Petroleum Ltd make changes to its name and thus to become Obsidian Energy Ltd under the new President and Chief Executive Officer; David French. This man took office in October 2017. Penn West was founded...